USD/JPY Outlook: Positive US Data Signals Potential for More Fed Rate Hikes
The Impact of Positive US Data on USD/JPY Outlook Market Anticipation of Fed Interest Rate Increases The market anticipates additional interest rate increases from the Fed. Initial jobless claims in the US surprisingly decreased last week. Japan’s export growth slowed significantly in January. Today’s USD/JPY outlook is bullish. The dollar soared on Friday, reaching a…